₦airaland Forum

OBAGADAFFI:
Is UACN about to release their result ?

I have placed orders for the stock since morning, but no luck buying.

No idea .

locodemy:
-Fcmb closed the week on no victory no vanquished.
-Volume speaks in the last trading sessions.
-Interesting week‘s' ahead

fcmb
- reluctant sellers vs reluctant buyers
- closing at 1.30 , back to back
- any news will stimulate activity


Dis
still heavy here

Zenith bank
- failed to break N16 resistance #flag
- failed to hold support above N15 on big vol #flag
- took a quick loss immediately it closed below N15
- broker is happy , i can sleep well

Lesson
- I didn't wait for breakout above N16
- I didn't wait for support to be valid at N15
- I ignored the charts and was getting corky
- shit happens , cut the losses asap

#tradeDiary

- i don't really buy into d '' do your due diligence '' slogan , I prefer '' do your Personal EMOTIONAL due diligence better ''

have a good weekend , good people

UCAP
- strong bid from recent pull back
- later comers will be scratching their heads
- negative divergence over d weeks (RSI making lower highs )
- Chart looks like a head and shoulders formation , right shoulder forming
- interesting week towards closure

Dis:
- you have been good to me ! position reduced greatly. no regrets
- look forward to observing closure date and afterwards
- best of luck guys

kentoto:
People,
Did you guys see way UBA finished today, just looking at the charts.

If it closes at 5.10 - 515 ish tommorow, then it could break the 5.30 resistance before results come out.
@fxuser, I could use your comment here oh.

#teamUBA

Yeah
A close above 5.20 on good volume is green light !
Too many fake outs de mkt

fxuser:
Afri Prud
- 30 kobo dividend recommended

Closure :March 6 - 10

link:
http://www.nse.com.ng/Financial_NewsDocs/16518_AFRICA_PRUDENTIAL-_BOARD_RESOLTION_CORPORATE_ACTIONS_FEBRUARY_2017.pdf

Afri Prud
- 30 kobo dividend recommended

Tritri:
@fxuser can u assist with NESTLE technical pls.

Stocks trade best when they are above 70 region , worst case 50

Nestle
Negative sentiments persist
SP trading below 200dma, 50dma, 20dma
50 dma below 200 dma (long term bearish)
Daily RSI fully below 30
Daily MACD at below zero (possibly all time low)

Note:
if ure chasing bottoms or 52wk lows et al , pls note its still in a bearish trend.
Therefore any break out above lows shud be cashed because the probability of retesting prev lows again.
52 week lows always give birth to 52 week lows.
(see FO , NBL Guinness, cadbury , uacn et al charts for similarities of down trend behaviours)

cheers

Ucap
- closes book upper Friday
- weekly chart RSI looks good

Top 5 Losers last weel

Vita foam -13.04%
Fidson -11.40%
Nig Brew -8%
CAp -7.50%
Eterna -6.70%

#nseasi

Last week top 5 gainers

PZ +21.29%
Jberger +10.22%
Beta Glass +10.22%
FO +9.91%
Ucap +7.61%


#nseasi

Performance check:

Nse Consumer Index
-20.15% YTD
-13.94% YTD
-4.63 WTD

the bleeding sector

Performance
Nseasi
-6.36% YTD
-3.35% MTD
-0.69% WTD

#bearishness remains

hopefully more results this week or first week March !

DeRuggedProf:
Welcome back!!!

how market ?
a blessed and fruitful week ahead
i think i was thrown out of the forum, cud not ''reply ''
interesting week ahead

Ucap
- congrats people
- Sp touches N4.00
- 19m units traded

NSE 30
- making lower lows !

bearish

ETI
- hits 52 week low , closing N9.50

#bears

Manonamission:
Morgan customers can identify bids from other Morgan customers. Bids from itrade are checked in the bid list. The individual client's bid is checked and bolded (so you can identify your own bid and position in the bid/sell order queue).

In other words, my order is checked and bolded in the queue and that of other morgan customers is just checked(even though their identity is unknown).

ohh cool
nice one

Tritri:
WHY IS NIGERIA BREWERIES PRICE COMING DOWN RECENTLY?

tough times for non financials !

Mondays !
Vol board

GTB 26m (inverted hammer umm, hope this is not another FAKEOUT)
UBA 25.8m (fighting off the bears )
Etranz 20.4m
Fidelity 14.7m (stuck wt d bears )
FBN 9.8m (Gravestone Doji)
Fcmb 5.8m (testing new support , JUJU mkt marker )
Transcorp 4.8m (doji)
Ucap 4.8m (red candle with a little tail um )

FCMB
- support line moved up luring profit takers out
-

UCap
- opened higher, pull back ongoing
- new entrants waiting


Cadbury
- break below N9

Watch list

Access
- to retest N7
- a close above N7.05 (recent high) confirms breakout
- RSi +ve

Top 5 Losers last week

Uacn prop -23.79%
PZ Cussons -18.46%
Forte Oil -11.69%
FBN -10.57%
Nestle -8.18%

#bears

Big 5 Gainers Last week

Caverton +12.50%
Beta Glass +10.23%
Neimeth +6.45%
AxaMansard +5.26%
Transcorp +5.256%

Parisfran:
I'm totally with you on the fact that a change is needed rather than just remain status quo.

Generally I'm not comfortable with the conclusion that more remittance is better for the country as a whole. In reality it just ends up widening the gap between the rich and the poor. But that's a conversation for another day.

Our solution is to have a lot of economic and legislative reforms that will make trading with the Naira attractive to foreign investors. This just reminds me of FG raising USD bonds and clapping for themselves that it was over subscribed forgetting that they will payback that money in a currency they have no control over. Not to talk of the fact that most of the money will be sent back abroad by our executive thieves. Honestly this country tire me.

PLEASE No tire ! We need all the hope we can get .

DeRuggedProf:
Recommendation:


https://www.youtube.com/watch?v=wkrbbkU9xds

Many thanks for this.
Blessed me immensely. Its now my fav daily audio mind prep
This is what makes such forum a blessing.
Really Appreciate


IMO:
A must listen for everyone so we can all be better traders/investors

When Investing With Numbers Makes Lot Of Sense
Link:
https://trwstockbrokers./2017/02/09/when-investing-with-numbers-makes-lot-of-sense/


'' . . The index on daily time frame has formed symmetric triangle chart pattern and has broken down the triangle moving to strong support level of 25,203.63 as mentioned in our January review. The momentum and trending ability of the market on a daily time frame is strong, as ADX is below 20. The odds of the market remaining in this direction for the rest of the week are high, just as momentum is high and the recent breakout confirms a weaker market. But due to indifference by many investors, a double bottom may likely form at this point but let us watch how market forces play out today. The index is trading below its shortest moving average. Also, at its oversold region with MFI looking up to indicate that funds are still entering the market. Traders should watch out.

Analyst Opinion: Investors should take advantage of the pullbacks to buy into Aiico, Ucap, Zenith, UBA, Total, and Fidelity. ''

End Quote

#news

Parisfran:
I am a big admirer to your work but sadly I don't agree with you. Egypt is not better off because of the float.

Taking a look at the article.
Yes, foreign investors came in and bought tbills.
The EGX 30 has surged 55 percent
Loans and aids from imf and foreign governments increased

But on the other hand all the above doesn't do anything for the average Egyptian. Leave foreign media to portray themselves as the saviour of the world
From same article.

They floated the EGP and it hit 18/usd. However since float the thing has not fallen instead expected to rally about 7 percent.

Inflation rose fast to 25.86percent. Showing no signs of recovery. Putting pressure on households which are generally on the poverty line.

Non-Oil business has refused to show any growth instead it is contracting. IMF pointed this as what will lift the country out of its recession, the same IMF that gave them 12billion dollars loan o. Now the miracle sector has since refused to pick up.

Honestly, I don't agree the float is the solution to our problem as the common Egyptian man has since realised and you can check their own media for proof of how bad some things have gone.

The solution to our problem is to do what the Asian Tigers did. Already from the brexit and trump's election, you will see that western governments are now thinking more of Me against others. They are cutting ties and reducing allegiances but western media wants us to believe they want to dash us aid.

Drops Mic.

Nice one.
I'm very neutral on both perspectives. I hold no strong views on what will work or not.
I simply adjust to realities as they occur and change.
If the economy for some reason decides to float , i will adjust my books to be slightly bullish. (PLS i don't mean float is d answer)
If the economy maintains stauts quo , i will stay on the side of caution (the index is proof of the bleeding)
If they try some things else like ''Asia Tiger model'' , we would adjust our expectations accordingly
Our common goal here is to make good returns on investment , reduce risk and trade better for the long run.

For more on Egypt:
Egyptian pound strengthens as foreign investors return
http://af.reuters.com/article/egyptNews/idAFL5N1FU68H

Egypt's fuel subsidy bill jumps after currency float
http://af.reuters.com/article/egyptNews/idAFC6N1BK020

Remittances from expatriate Egyptians rise after pound float
http://af.reuters.com/article/egyptNews/idAFL5N1FR4EO

Egypt's foreign currency inflows rise, investors still need reassurance
http://af.reuters.com/article/egyptNews/idAFL5N1FM576

In other news

'' The benchmark EGX 30 Index has surged 55 percent since the currency float in local currency terms. ''

link
https://www.bloomberg.com/news/articles/2017-02-08/inflows-inflation-and-imf-egypt-s-economic-overhaul-in-charts?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

Just imagine this Emefiele allows d currency to just find its level . . .